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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Swedish Krona/Brazilian Real (FOREX:SEKBRL)

Long-Term Downtrend (-90) - SEKBRL is in a strong downtrend that is likely to continue. While SEKBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SEKBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKBRL.

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FOREX_SEKBRL
Open High Low SEKBRL Price Change
0.46813693 0.46904310 0.46776078 0.46901381 +0.00087700
Entry Signal

MarketClub’s Trade Triangles for SEKBRL

long term down The long-term trend has been DOWN since Mar 28th, 2024 at 0.46635576

intermediate term down The intermediate-term trend has been DOWN since Mar 21st, 2024 at 0.47553825

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 0.48427717

Smart Scan Analysis for SEKBRL

Based on our trend formula, SEKBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SEKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.46813693 0.46904310 0.46776078 0.46901381 +0.00087700
Prev. Close Volume Bid Ask Time
0.46813693 2024-03-29 06:15:05
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